Global security appliance vendor market share 2012-2024, by vendor

In the second quarter of 2024, Palo Alto Networks' market share in the security appliance market stood at 22.4 percent, up from 20.9 percent in the second quarter of 2023, while Fortinet occupied 19.2 percent of the market, down from over 21 percent a year earlier. 

IT Security

Information security refers to the practice of managing access to information. By 2023, the information security technology market is estimated to be worth 151.2 billion U.S. dollars worldwide. Analysts have suggested that security trends are being shaped by new markets, such as big data or the internet of things (IoT).

Enterprise Security

Enterprise information security is a complex undertaking, covering computers, servers, routers, and other electronic systems, all of which relies on software, hardware, and information management policies to secure corporate data. Revenue for the corporate web security market worldwide is projected to rise to about 6.8 billion U.S. dollars in 2024, while endpoint security sales are also expected to increase to 16.3 billion U.S. dollars in the same year.